Blog Archives

How to Discharge Sales Tax Through Bankruptcy

Hey everybody, Bernie Gartland from the Gartland Group. Today we’re going to talk about something that Brian Bauer just did a little bit of a podcast on about the elements concerning sales taxes and the collecting of sales taxes in

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Posted in Blog, Estate Planning, Tax Planning

Strategy – File Two 1040’s in the Same Year Using Tax Code 1398D

Today, we’re going to talk about a statute: Internal Revenue Code section 1398 (d) of the Internal Revenue Code. Not the bankruptcy code; Section 1398 (d) of the Internal Revenue Code. I wrote an article some time ago. And by

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FTB, California tax statute of limitations

What is the statute of limitations for tax collections in California. Put differently, how long does the state have hit me with taxes?  The typical myth is the statute of limitations is 3 years on a regular tax return, 6

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Posted in Blog, Tax Planning

Can the IRS take away your home?

Yep, they sure can. Its pretty rare for the IRS to sell your home. But they do have the right.  They even just released a new memo on the subject. If you are worried about losing your home to the

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IRS audit rate to drop 20%

The Government Accountability Office (GAO) just released a report saying that IRS funding has dropped $900 million  from fiscal year 2010. What does that mean?  You guessed it, a lower audit rate.  The GAO is predicting that the average audit rate

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Taxes on sale of coins

How much do you pay in taxes when you sell your precious metal coins?  That is going to depend a lot on how much you pay for the coins. The fancy legal word for how much you paid is your

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Posted in Blog, Tax Planning

Is the IRS going to audit you because of your high deductions?

How does the IRS determine who they are going to audit?  Rumor has it that one way the IRS determines if they are going to audit you or not is to compare your deductions with the deductions of similar taxpayers.

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Getting an Installment Plan from the IRS is easy, right?

How hard is it to get the IRS to agree to accept a payment plan for your tax debt? For the most part it is relatively easy.  If you owe less than $25,000 you can go directly on the IRS

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Posted in Blog, Tax Planning

How many tax free rollovers can you make a year? Even tax attorneys mess this up!

How many IRA rollovers are you allowed to make in a year?  The IRS publications say you are allowed one per account per year.  Amazingly enough the IRS publication is wrong.  You are only allowed to make one tax free

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IRS Videos on Tax Preparation

We would love for you to use us for your tax preparation and tax returns. However we also understand there are a lot of people who take pride in doing things themselves, but just get a little bit confused come

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Posted in Blog